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BTC 
ETH Bitmine Immersion Technologies increased its holdings of 10,000 Ethereum and now holds 4.8% of the entire network.
Bitmine Immersion Technologies disclosed that its Ethereum (ETH) reserves have climbed to 5.79 million, accounting for about 4.8% of the total circulation supply. The announcement comes as the company has purchased nearly 10,000 more ETH units in the past week, significantly enhancing its influence in the Ethereum ecosystem.
Pledge Strategy and Expected Returns
The company revealed that approximately 4.9 million of its Ethereum held (approximately 85% of its total ETH holdings) have been pledged through verification node operations. Bitmine expects that if it deploys all of its Ethereum into internal pledge infrastructure and cooperative verification nodes, annualized pledge revenue will reach US$299 million.
After taking into account all crypto assets, cash and marketable securities, as of July 26, Bitmine's total asset base now reaches US$11.8 billion. This huge number highlights the company's growing influence in the digital asset space.
Chairman Tom Lee pointed out that the momentum of the Ethereum market is accelerating. He emphasized that the ETH/BTC ratio had risen to a three-month high, reinforcing the change in investor sentiment.
As Ethereum has risen 2.4% in the past week, while Bitcoin has fallen about 0.7%, market dynamics suggest that confidence in Ethereum's prospects is growing, especially as ETH continues to outperform its larger competitors.
Comparison with other corporate treasuries
Bitmine currently has the largest Ethereum treasury among listed companies in the world, second only to Strategy when measuring the total value of digital assets held on its balance sheet. However, the two companies have recently adopted very different strategies in the accumulation of crypto assets.
While Bitmine is expanding its ETH reserves, Strategy has suspended new Bitcoin purchases in the past few weeks, suggesting that allocation models for large corporate investors may be shifting.
On Monday, Strategy disclosed that it had raised $544.5 million through a stock offering and repurchased $25 million worth of STRC preferred stock. The company also increased its U.S. dollar reserves to US$3.75 billion, but its Bitcoin position remained unchanged at 843,775 BTC.
Market Background and Emerging Platforms
Industry analysts point out that new investor strategies and emerging financial products are at the core of this evolving landscape. Market observers continue to focus on asset flows between Bitcoin and Ethereum, especially in the context of ETH's recent excellent performance and growing interest in tokenization of real-world assets.
In a rapidly changing environment, platforms such as 1stepSwap have launched innovative solutions that connect traditional finance and the crypto ecosystem. By allowing users to access tokenized stocks of major U.S. listed companies and commodities such as gold and silver directly in their wallets, 1stepSwap provides a convenient way to access diversified investment portfolios without intermediaries. Its technology continues to search for the best market prices to enable fast and efficient transaction execution across asset classes.
Bitmine continues to expand its Ethereum holdings, coupled with the widespread development of pledge infrastructure and RWA (real-world asset) tokenization, highlighting the growing convergence between digital assets and traditional finance.
